Here is what you need to know on Wednesday, January 22: Following a rebound during the European trading hours on Tuesday, the US Dollar (USD) lost its momentum as risk flows dominated the action in the second half of the day.
Here is what you need to know on Wednesday, January 22: Following a rebound during the European trading hours on Tuesday, the US Dollar lost its momentum as risk flows dominated the action in the second half of the day. Early Wednesday, the USD Index holds its ground as markets turn cautious. The economic calendar will not feature any high-tier macroeconomic data releases.
Later in the session, European Central Bank President Christine Lagarde will be speaking at a panel at the World Economic Forum in Davos. GBP/USD edges lower in the European trading hours on Wednesday but manages to hold above 1.2300 after posting small gains on Tuesday. Gold gathered bullish momentum and rose more than 1% on Tuesday.
Currencies Macroeconomics Economicindicator Commodities
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: US Dollar holds near multi-year highs to begin 2025Here is what you need to know on Thursday, January 2: The US Dollar (USD) Index gained more than 2.5% in December and closed the third consecutive month in positive territory.
Read more »
Forex Today: US Dollar holds near multi-year highs ahead of key jobs reportHere is what you need to know on Friday, January 10: Following Thursday's quiet action in financial markets, the US Dollar (USD) stays resilient against its major rivals in the European morning on Friday.
Read more »
Forex Today: King Dollar holds reins as the US inflation week unfoldsHere is what you need to know on Monday, January 13: Risk-off flows extended into Asian trading on Monday as investors digested Friday’s US labor market report, gearing up for the Consumer Price Index (CPI) data due later in the week.
Read more »
Forex Today: Dollar takes a breather ahead of US PPI data, FedspeakHere is what you need to know on Tuesday, January 14: Following a mixed close on Wall Street overnight, markets witnessed a sluggish performance in Asian indices as Japanese markets reopened on a negative note.
Read more »
Forex Today: China Q4 GDP beats estimates, US Dollar finds demandHere is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs.
Read more »
Forex Today: US Dollar retreats on Trump's Inauguration DayHere is what you need to know on Monday, January 20: The US Dollar (USD) stays on the back foot to start the week as investors gear up for Donald Trump's second inauguration.
Read more »